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Dollar General | Early Lease Extension

2181 Co Rd 252B, Lake City, FL 32024

Listing Price: $1,790,000

Cap Rate
6.35%
Tenant Name
Dollar General
Years Remaining On Lease
5.6
Guarantor
Corporate Guarantee
Rentable SF
9,436
Lease Type
Absolute Net
Rent Per Square Feet
$12.04

Investment Overview

Lease Metrics
- NNN – No Landlord Responsibilities
- 5.5+ Years remaining on the base term
- Three, 5-year options remaining
- Rent bumps in each option

Property Overview
- Dollar General just exercised their first option early, showing continued commitment to the site.
- Strong performing store (PlacerAI) ranking in the top 76th percentile in Florida and top 83rd percentile in the nation for visits.
- Larger 9,436 SF building

Location
- Large 1.51-acre parcel located on the corner of State Road 247 and County Road 252B
- Ideal demographics for Dollar General
o Population: 1,687 (one-mile) | 12,775 (three-mile) | 30,699 (five-mile)
o Household income: $90,828 (one-mile) | $83,694 (three-mile) | $85,554 (five-mile)

Dollar General
- Dollar General (NYSE: DG) is a publicly traded Fortune 500 retailer backed by an S&P investment-grade credit rating of BBB, providing strong creditworthiness and reliability for investors.
- The company operates over 21,000 stores nationwide and continues its growth trajectory with plans to open 750 new locations in 2025.
- Dollar General has been in business for 83 years and has a current net worth of $54.4B

Investment Highlights

  • - NNN – No Landlord Responsibilities - 5.5+ Years remaining on the base term - Three, 5-year options remaining - Rent bumps in each option
  • Dollar General just exercised their first option early, showing continued commitment to the site.
  • Strong performing store (PlacerAI) ranking in the top 76th percentile in Florida and top 83rd percentile in the nation for visits.

Exclusively Listed By

Financing By

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Dollar General | Early Lease Extension

Listing Price: $1,790,000

Cap Rate
6.35%
Tenant Name
Dollar General
Years Remaining On Lease
5.6
Guarantor
Corporate Guarantee
Rentable SF
9,436
Lease Type
Absolute Net
Rent Per Square Feet
$12.04

Investment Highlights

  • - NNN – No Landlord Responsibilities - 5.5+ Years remaining on the base term - Three, 5-year options remaining - Rent bumps in each option
  • Dollar General just exercised their first option early, showing continued commitment to the site.
  • Strong performing store (PlacerAI) ranking in the top 76th percentile in Florida and top 83rd percentile in the nation for visits.

Investment Overview

Lease Metrics - NNN – No Landlord Responsibilities - 5.5+ Years remaining on the base term - Three, 5-year options remaining - Rent bumps in each option Property Overview - Dollar General just exercised their first option early, showing continued commitment to the site. - Strong performing store (PlacerAI) ranking in the top 76th percentile in Florida and top 83rd percentile in the nation for visits. - Larger 9,436 SF building Location - Large 1.51-acre parcel located on the corner of State Road 247 and County Road 252B - Ideal demographics for Dollar General o Population: 1,687 (one-mile) | 12,775 (three-mile) | 30,699 (five-mile) o Household income: $90,828 (one-mile) | $83,694 (three-mile) | $85,554 (five-mile) Dollar General - Dollar General (NYSE: DG) is a publicly traded Fortune 500 retailer backed by an S&P investment-grade credit rating of BBB, providing strong creditworthiness and reliability for investors. - The company operates over 21,000 stores nationwide and continues its growth trajectory with plans to open 750 new locations in 2025. - Dollar General has been in business for 83 years and has a current net worth of $54.4B

Exclusively Listed By

Financing By

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